$2,349,000

927 W Kensington Road, Los Angeles, CA 90026

7,499

Lot Size

4

# Of Units

Listing Agent
Ken Shapiro - Silverwood Properties

If you were in a 1031 exchange and despairing of ever finding a property that made any sense at all, look no further. Here is a property that is a perfect blend of great upside and stability, while also being an absolute gem that you would be proud to have in your portfolio.On the other hand, if you are someone who is looking for a great income property that will help fortify your family's financial security, yet at the same time provide you with an awesome unit that you would be delighted and excited to live in, this is definitely that property. The top unit - fully renovated, 2000 sq ft, 3 bed, 2 bath, light and airy as it is, with wonderful open floor plan and great views to the west all the way out to the ocean and to the east displaying all of downtown, you would be thrilled to have it as your own residence. And, best of all.... it just went vacant!This 4-plex sits on one of the prettiest tree-lined streets in one of LAs most venerable and sought after neighborhoods It is a constant source of wonder to the local residents there that they can live in such a tranquiil, lovely setting, yet be only a 5 minute drive to downtown without using a freeway. It is not an overstatement to say that this multi-family has just about everything you could possibly need or want in a property, including: in unit laundry in each unit in main building; plenty of parking; huge storage space in the basement with full headroom; great back yard to enjoy; units are large; in the rear there is one tiny unit, but it is very charming, is totally separate from the rest of the property and even has its own private back yard. And, as if all that isn't enough the property, being historical, qualifies for the Mills Act and gives you an approximately 50% discount on your annual property taxes! As an additional note, if someone wanted to spend the $100K needed to convert the 400 sq ft garage to an ADU (it has never been used for parking) that would easily represent an additional $2K/mo in income. The list of positive attributes goes on and on but you really need to come see it to get the full sensation of what the property has to offer. Easy to show.

Facts & Features

MLS® # 21790808
Price $2,349,000
Bathrooms 0.00
Lot Size 7,499
Year Built 1917
Type Residential Income
Style Other
Status Active
# Of Units 4

Community Information

Address 927 W Kensington Road
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90026

Amenities

Parking Spaces 6
Parking Concrete, Door-Multi, Garage, Tandem
Garages Concrete, Door-Multi, Garage, Tandem
View City Lights, Mountain(s)
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed October 1st, 2021
Days on Market 320
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentKen Shapiro
OfficeSilverwood Properties

Listing Map

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